Cautious Return to High Streets and Towns Observed
- Footfall across bricks and mortar destinations increased by 3.3% between 11 May and 16 May
- Springboard reports fourth weekly footfall increase in six weeks
- Cautious approach to easing lockdown observed
- Destination towns saw an 8.7% rise in footfall, high streets up 1.9%
- Retail parks experienced a 4.1% increase, shopping centres up 5.4%
- Gardening centres opening on 13 May likely diverted footfall
- Friday and Saturday saw largest increases in footfall (21% and 8.7%)
- Wales experienced the largest rise in footfall (9.1%)
- Footfall declined in Greater London (-0.1%) and central London (-4.1%)
- Diane Wehrle: People adopting cautious approach to leaving homes
Springboard’s latest data reveals a cautious return to bricks and mortar destinations as footfall increased by 3.3% between May 11th and 16th, marking the fourth weekly increase in six weeks. Destination towns saw an 8.7% rise, high streets experienced a 1.9% growth, while retail parks rose by 4.1%. Shopping centres had a 5.4% increase, possibly affected by gardening centre openings on May 13th. Friday and Saturday saw the largest footfall rises (21% and 8.7%). Wales experienced the highest rise at 9.1%, while Greater London and central London declined (-0.1% and -4.1%).
Factuality Level: 9
Factuality Justification: The article provides accurate information from Springboard’s data on footfall increases across various locations in the UK between 11 May and 16 May. It presents the numbers and trends clearly without any sensationalism or misleading statements. The only potential issue is the use of the word ‘cautious’ to describe people’s approach, which could be interpreted as a personal perspective rather than a universally accepted truth.
Noise Level: 3
Noise Justification: The article provides relevant information about footfall trends in different types of locations and regions during a specific period, but it lacks deeper analysis or exploration of the reasons behind these trends.
Financial Relevance: Yes
Financial Markets Impacted: The article impacts retail and hospitality sectors as it discusses changes in footfall, which can affect businesses’ revenue and sales.
Financial Rating Justification: The article mentions changes in footfall at different types of locations such as high streets, retail parks, shopping centers, coastal towns, historic towns, and the impact on various regions. This information is relevant to businesses operating in these sectors and can influence their performance and financial outcomes.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
www.retailsector.co.uk